Advisor Partners LLC raised its stake in shares of Home Depot Inc (NYSE:HD) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,365 shares of the home improvement retailer’s stock after acquiring an additional 1,766 shares during the period. Home Depot makes up 1.1% of Advisor Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Advisor Partners LLC’s holdings in Home Depot were worth $6,510,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HC Financial Advisors Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at $3,778,000. BancorpSouth Bank acquired a new position in shares of Home Depot during the 4th quarter valued at $362,000. Barometer Capital Management Inc. acquired a new position in shares of Home Depot during the 4th quarter valued at $8,453,000. HRT Financial LLC acquired a new position in shares of Home Depot during the 4th quarter valued at $1,221,000. Finally, King Luther Capital Management Corp lifted its position in shares of Home Depot by 0.9% during the 4th quarter. King Luther Capital Management Corp now owns 1,317,856 shares of the home improvement retailer’s stock valued at $249,773,000 after acquiring an additional 11,589 shares during the period. 69.01% of the stock is owned by hedge funds and other institutional investors.
HD opened at $198.41 on Tuesday. The stock has a market cap of $237.01 billion, a P/E ratio of 26.35, a P/E/G ratio of 1.63 and a beta of 1.11. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. Home Depot Inc has a fifty-two week low of $160.53 and a fifty-two week high of $215.43.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 13th. Investors of record on Thursday, August 30th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Wednesday, August 29th. This represents a $4.12 annualized dividend and a yield of 2.08%. Home Depot’s payout ratio is currently 55.23%.
Several research analysts have weighed in on HD shares. UBS Group upped their price objective on shares of Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a report on Wednesday, June 20th. ValuEngine upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Loop Capital set a $200.00 price objective on shares of Home Depot and gave the stock a “hold” rating in a report on Wednesday, July 11th. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective on the stock in a report on Tuesday, July 17th. Finally, Citigroup upped their price objective on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, August 10th. Six analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus target price of $206.80.
In other Home Depot news, EVP William G. Lennie sold 10,854 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now owns 40,057 shares in the company, valued at $8,077,093.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by corporate insiders.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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